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An efficient supply chain is essential to achieving customer satisfaction. A supply chain model is a series of steps that determine the flow of your organization, from production to delivery. But here’s the catch – you need the right supply chain model for your business.
Nick discusses the possibility of the government establishing a special foreign trade zone adjacent to the port.
Consumer electronics logistics is quite different from logistics for other industries; it’s fast-paced, requires special handling, and is a complex, multi-million dollar industry. In particular, the consumer electronics market is a rapidly changing and volatile industry. With new product lines and technology introduced each year, companies must be prepared to handle products with increasingly short lifespans.
With the emergence of e-commerce prior to COVID-19, there was already a rapid shift occurring in retail logistics. The amount of consumers purchasing online grew and so too did delivery expectations. This shift was then quickly amplified as a result of the global pandemic.
Consumers have grown accustomed to two-day shipping, which means there is now the expectation that their products will arrive quickly once ordered online. To compete with the competition, it's not enough to have good products. Your products need to arrive efficiently and in a timely manner.
An effective supply chain utilizes technological tools available to improve logistics. Two of these integral technological developments include API and EDI. Both of these technological solutions allow for a more efficient supply chain by securely exchanging data between systems. When deciding between which system to implement in your supply chain, it is important to understand the differences between the two.